I went to the dealer to look at an M3 that I saw online cause I'm ready to pull the trigger on a 2010. It was fully loaded basically and the price was 70,xxx.

I'm not really a buy person and I wanted to lease for three years.

He told me the price would be around $1500 a month with 10k down.

There has to be something wrong because I am paying 2k a month for a CL550 with 4k down. The CL is worth 125,xxx.

I would believe $1500 per month including sales tax and nothing down still leaving the dealer with a very respectable profit. There is most definitely something wrong here. Are you sure he wasn't meaning 10k miles per year?

I went to the dealer to look at an M3 that I saw online cause I'm ready to pull the trigger on a 2010. It was fully loaded basically and the price was 70,xxx.

I'm not really a buy person and I wanted to lease for three years.

He told me the price would be around $1500 a month with 10k down.

There has to be something wrong because I am paying 2k a month for a CL550 with 4k down. The CL is worth 125,xxx.

Do you mind telling me which dealer u went??
leasing a 2010 with 10k down is kinda bs. 70,xxx msrp is really not a fully loaded. $1500 a month is the price for buying (loan). Price of leasing should be somewhere around $1000 a month.

Do you mind telling me which dealer u went??
leasing a 2010 with 10k down is kinda bs. 70,xxx msrp is really not a fully loaded. $1500 a month is the price for buying (loan). Price of leasing should be somewhere around $1000 a month.

I double checked a million times.. I went to BMW of Monrovia.

I'm gonna go again tomorrow and speak to a more knowledgeable person.

70,xxx had Nav, premium package, technology package, DCT, iPod, and all those goodies. Seemed full to me.

I knew what he said was outrageous, hopefully I can get something around $1000 with about 5k down, hopefully less.

$380 MACO (added by BMWNA to the invoice, paid by the dealer)
$180 Training Fee (added by BMWNA to the invoice, paid by the dealer)
$1,500 profit (just an example)
$45 documentation fee

...and you get a Cap Cost of:

$70,915

Assuming no Cap Cost Reduction, a term of 3 years @ 10k miles per year giving a residual of 54% and a buy rate MF of 0.00245 (no MSDs), and the lease acquisition fee at the buy rate of $725...

The monthly payment including CA sales tax will be $1,230.49 and the drive off will be $2,965.93 (includes first month's payment, the acquisition fee, sales tax on the acquisition fee, and DMV fees of $938.75).

A term of 3 years @ 15k miles per year would yield a monthly of $1,292.83 and a drive off of $3,028.27.

A term of 2 years @ 10k miles per year (58% residual) would yield a monthly of $1,567.43 and a drive off of $3,302.87.

So you can see a 10k down, or even a drive off, is ridiculous. You should also be able to get the profit down unless the car supply is running very short.